May 29, 2014
AML Bill could be passed within 72 hours
The Alliance For Change believes that the Anti-Money Laundering/ Countering the Financing of Terrorism Bill (Amendment) Bill could be passed within 72 hours if there is the political will to make it happen. In this regard, the AFC proposes that a process to fast-track the establishment of the Public Procurement Commission be implemented, with the Public Accounts Committee selecting the five nominees at its next meeting. These five names can then be submitted to the National Assembly for approval by a two-thirds majority. Once the House approves the nominees they can be appointed by the President. Following this the Alliance For Change would have no hesitation in giving its support for the passage of the AML/CFT Bill. The Party believes that this can all be accomplished within 72 hours and would represent a significant victory for the Guyanese people. The AFC urges all political leaders to support this proposal.